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Riotblockchain

How much further up? I pulled in some size, I have no idea where the top is on this. I reduced some size locking in some gains and buying much further out options for the long term. I'm actually considering to sell naked puts at the $35-40 level hoping to get assigned. Would'nt mind at all buying some discount shares at that level. Long term there is some growth here, could a pull back come? One thing that could prevent it is constant news of companies jumping onboard with Bitcoin. If we get major players announcing on a daily basis there is no stopping any of this from going up. Take some profits off the table here and save some bullets for later. If it pulls back for even 1 or 2 days the break would make the move stronger and build some support underneath the current level. I like this stock
NASDAQ:RIOTLong
by Rikity
2
Riot Blockchain, Inc. - $5.99 -> $30 With all of the hype around Bitcoin in 2017, companies were literally created around mining this digital piece of currency. To this day, many powerful individuals still believe a single Bitcoin is worth more than a brick of gold. So why do we sit back and watch whoever created this digital masterpiece get filthy rich? Why not get rich with the bastard? RIOT is a company who wants to support BTC and collect as many as possible. With BTC recent spike to 18K, I have no doubt it will reach 50k in a very short time as BTC is undoubtedly the currency of the future. Think of it as a central hub that all countries can share ideas with, and grow out of equally. Unfortunately, banks have not accepted this form of currency until VERY recently. At the same time BTC peaked during 2017, reaching highs of $19.2k, RIOT reached highs of $28.5. Currently: BTC - $18,500 RIOT - $5.99 Don't get left behind boys If BTC breaks $20k within the next few weeks, RIOT will hit at least +$30 by the end of the year. Especially with all the good news coming out. *These are 100% my own thoughts and predictions. Your money is your own responsibility. I am not a financial advisor.*
NASDAQ:RIOT
by Hk2495
4
RIOT BLOCKCHAINSupporting the Bitcoin Opportunity Riot Blockchain Inc. focuses on bitcoin mining, supporting the bitcoin blockchain by participating in Bitcoin’s consensus system through proof-of-work mining, racing to find the next block, and building upon the chain. We aim to be one of the largest and lowest-cost producers of bitcoin in North America. Bitcoin Mining Bitcoin mining is Riot Blockchain’s strategic focus and we are committed to the expansion of our operations. Riot Blockchain Announces Change in its Board of Directors CASTLE ROCK, Colo., Nov. 17, 2020,/PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announced today that Remo Mancini has resigned from the Company's Board of Directors, effective immediately. The Company noted, "We are grateful to Remo Mancini for his years of service and leadership on the Board of Directors of Riot Blockchain. He has made an immeasurable impact on the Company. We thank him for his contributions and wish him well." The Company further commented, "Mr. Mancini's decision to resign from the Company's Board of Directors is not the result of any disagreement with the Company's operations, policies or procedures." www.riotblockchain.com Best regards, RyodaBrainless "Live to Ride and Ride to Live"
NASDAQ:RIOTLong
by RyodaBrainless
RIOT Falling Wedge - Possible BreakoutWEEKLY PRICE CHART - PRICE ACTION BEFORE AND AFTER BITCOIN HALVING 2016/2020 As we can see from the chart there is a falling wedge forming from around mid 2018. In the near future in going to breakout and have the most possibilities to breakout on the upside following the post-halving bitcoin price action in the mid and long term that is definitely bullish. CHART - The blue marks, signs the main resistance/support levels in the pre-halving price action. - The orange vertical lines are the dates of the bitcoin halving at 2016 and 2020. SCENARIOS 1. The falling wedge is most possible generally to breakout to the upside. In the short term is gonna break, it is near the end. 2. The bitcoin halving is one day and of course in the short term there is a lot of sellouts and dumps that is logical but in the short and long term is always bullish. 3.This company is so close related to the bitcoin price and it out of the few company listed on NASDAQ that working with blockchain space. So i think i the mid and long term is gonna be bullish. This is just my opinion, its not an financial or trading advice. Each person must do its own research before investing in the market.
NASDAQ:RIOTLong
by we_axolotl
Ready to turn a corner?After being faked out a few times on the way down (as is typical of this stock) the charts seem to be revealing a possible direction.This looks like it could very well be ready to rally. As you can see, there seems to be a pretty well defined triangle that looks to be morphing into a bullish channel. If we take a look we can see that a firm looking double bottom has developed along with a 5 to 6 month diversion between price and RSI. There is also a fledgeling MACD bull cross taking place at the same time. Not too sure about an initial target but somewhere above the the 200 ma is not out of the question IMHO. Note there are open gaps up to the $3.50 area. Good luck!
NASDAQ:RIOTLong
by gsteiger